THE government will offer land for 3,900 private residential units (including 1,500 EC or executive condominium units) through the confirmed list under the second half 2014 Government Land Sales (GLS) programme.
This is lower than the land for 4,630 private homes (including 2,165 ECs) released on the confirmed list of the H1 2014 GLS programme.
The Ministry of National Development will also offer land for 159,000 square metres gross floor area (GFA) of commercial space in the H2 confirmed list, which will be higher than the 5,000 sq m GFA supply in the current H1 slate.
On the reserve list, where sites are launched only upon successful application by a developer, MND will offer land for about 6,300 private homes and 193,000 sq m GFA of commercial space. This compares with supply of 6,955 private homes and 188,340 sq m commercial space in the H1 2014 reserve list.
A commercial and residential site at Holland Road will be placed on the confirmed list as part of the Holland Village Extension Plan unveiled in the Master Plan 2014. The sale of the site will further enhance the existing urban village character of the area. It will provide new housing options within a mixed use development that is well connected via pedestrian linkages to surrounding transport nodes and public spaces.
MND also said it will be releasing a commercial site at Paya Lebar Road for sale on the confirmed list of the H2 2014 GLS programme. The 3.98 ha site at Paya Lebar Road comprises a commercial site that was on the H1 2014 reserve list and another plot of land immediately south of Paya Lebar East-West Line MRT Station. "The two plots of land will be connected via a subterranean space under Sims Avenue. The sale of the larger land parcel provides greater flexibility for building design, layout and placement of uses. It will also facilitate the development of Paya Lebar Central into a commercial node, which is in line with the government's objective of decentralising employment centres and bringing jobs closer to homes," MND said.
In addition, the H2 2014 reserve list will have two sites for office developments: an existing white site at Marina View and a new commercial site at Beach Road. These two sites will provide opportunities for the market to initiate the development of more office space if there is demand.
http://www.ura.gov.sg/uol/media-room.../pr14-34a.aspx